Coffee price keeps the positivity – Analysis – 19-1-2024
Economies.com
2024-01-19 08:57AM UTC
Coffee price lost the positive momentum recently, to postpone he bullish attack and form some correctional negative waves, to test the MA55 at 175.50 and hold above it.
The above chart shows the main stability of coffee price within the bullish channel, to depend on the stability of the major support 169.80 to confirm the continuation of the positivity for the upcoming trading, as succeeding to gather the positive momentum soon will allow the price to reach 196.00 direct, while surpassing it will extend trades towards the next main target at 210.00.
The expected trading range for today is between 170.90 and 171.70
The expected trend for today: Bullish
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